A teacher from Trans Nzoia County is in deep agony, thanks to money he borrowed from a bank to improve the welfare of his family. John Manyara says he borrowed KSh1.2 million from the bank in August 2011. He was supposed to repay the loan over six years, meaning he
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She’s the woman raising eyebrows in France’s political race — and she’s not even one of the candidates. As the competition heats up all eyes are on Brigitte Trogneux, 64, the wife of breakout candidate Emmanuel Macron, 39, who could become the next President if he beats anti-establishment stalwart Marine
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Uganda’s Shs30trn budget for the Financial Year 2017/18 is set to benefit farmers than ever before. The budget being discussed by Parliament is expected to be passed and approved soon. If passed in its current form, it will see a number of taxes on key agricultural items including irrigation equipment
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The 2017/18 Shs30trn budget is about to be passed and adopted by the Parliament of Uganda. If passed unchanged, Uganda Revenue Authority (URA) will be expected to raise Shs14.5 trillion in 2017/18 Financial Year, up from Shs12.6 trillion in 2016/17. This means that government is no doubt going to come
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Youth in Sub-Saharan countries says failed fight on corruption and unemployment are the biggest failures by their governments, according to the latest poll by Geopoll. The poll reveals that Ghana, Kenya and Uganda lead in as far as failure by governments to tackle corruption and unemployment. This means President Yoweri
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Sheraton Kampala Hotel has announced Vinz Karlsen as its new Executive Chef. Karlsen joins with extensive experience, having worked in some top luxury hotels brands like Le Meridien, Intercontinental Hotel groups, Scandic Hotel Eremitage and many others, and has over 25 years’ experience in the hospitality industry, serving more than
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Centenary Bank, the leading indigenous bank in Uganda has overcome the economic headwinds of 2016 to record impressive results for the year ended December 2016. According to the bank’s financials released on Monday, Centenary Bank posted a net profit of Shs109.9bn in 2016, up from Shs101.6bn recorded the previous year,
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The Uganda shilling kept a firm stance in a short trading week following Easter holidays, in a market characterized with low demand as most market players stayed out. During the week ending 21st April 2017, trading was in the range of 3610/3620. In fixed income market, Bank of Uganda (BoU)
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The newly appointed Uganda Investment Authority (UIA) Executive Director, Jolly K. Kaguhangire has started her job of promoting investments in the country on a high end. She recently accompanied President Yoweri Museveni and the First Lady on a three day working visit to Qatar aimed at showcasing Uganda's investment opportunities. She
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The construction of 15 oil roads in the Albertine Graben ahead of oil production anticipated in 2020 hangs in balance following Parliament’s refusal to okay funding for what has been termed as ‘ghost roads’, Business Focus reveals. According to the final Budget Framework Paper for 2017/18, the government f Uganda
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